Futures for the Dow Jones Industrial Average and the other major stock indexes traded lower in premarket action Thursday. Meanwhile, TeslaTSLA sold off on the stock market today after the company reported disappointing third-quarter results.

A selloff in speculative parts of the stock market turned into a broad market slide on Wednesday. The Nasdaq Composite dropped 0.9%. The S&P 500 fell 0.6%. The Dow Jones Industrial Average dropped 334 points, or 0.7%. All three indexes pared some losses from their lows of the day.

Equities fell on Wednesday as the first of the Magnificent Seven stocks — Tesla — prepares to deliver earnings results after the market's close.

The Dow Jones index drops Wednesday while Netflix dives on an earnings miss. Tesla earnings are due after the close.

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The Dow hit its 12th record of 2025 on Tuesday, while the S&P 500 was flat and the Nasdaq fell as earnings reports delivered.

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